FTT Price Prediction: Bullish Momentum Builds as Volume Surges and Technical Indicators Signal Breakout Potential

FTX Token (FTT) continues to draw attention from crypto traders amid a notable price surge and shifting market sentiment. After a period of sideways movement and post-bankruptcy uncertainty, FTT recently surged 13.98% to $1.09, with a dramatic 420.89% increase in 24-hour trading volume. This spike in activity aligns with renewed bullish sentiment in early May. From a technical standpoint, FTT has held above key support at $1.00 and $0.96, suggesting a strong base. Crucial resistance levels are at $1.15 and $1.20, where previous rallies faced heavy selling pressure. The MACD histogram turning positive and a rising RSI at 44.35 indicate increasing buyer strength and upward momentum, while the MACD and signal lines remain negative but are improving. Analysts forecast FTT trading between $1.074 and $1.120 in May, with an average price target of $1.10. Looking ahead to 2025-2029, technical and macro trends—including events like the Bitcoin halving and possible institutional inflows—could drive significant growth, potentially pushing FTT as high as $42.50 by 2029. Traders should closely monitor price action near the $1.15–$1.20 resistance for indications of a sustained bullish trend.